Deficiency Statement definition

Deficiency Statement shall have the meaning set forth in Section 5.4. *** INDICATES MATERIAL THAT WAS OMITTED AND FOR WHICH CONFIDENTIAL TREATMENT WAS REQUESTED. ALL SUCH OMITTED MATERIAL WAS FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 24b-2 PROMULGATED UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED.
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Deficiency Statement means a written notice of Title Defects, but not including Permitted Encumbrances, made by Purchasers to Vendors in compliance with the time deadline set out herein and setting out: (i) all Title Defects in reasonable detail; (ii) the Assets affected thereby; (iii) Purchasers’ bona fide estimate of the reduction in value of the Assets affected thereby broken down on an asset by asset basis and including a description on how such value was determined, and (iv) Purchasers’ suggestions for the curing thereof; [***]
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Examples of Deficiency Statement in a sentence

  • If Customer provides a Deficiency Statement within the Test Period, Kronos shall have 30 days to correct the deficiency, and Customer shall have an additional 30 days to evaluate the Equipment and Software.

  • Any disputes under this provision as to the propriety of any Deficiency Statement shall be promptly resolved pursuant to Section 13.2 without the requirement to attempt to first resolve the dispute under Section 13.1; provided, however, that ***.

  • Any such resolution finding that Immune Design’s Deficiency Statement was erroneous or otherwise unreasonable shall constitute an approval of the manufacturer by Immune Design for purposes of this Section.

  • If Immune Design does not deliver any such Deficiency Statement within such ***-day period, it shall be deemed to have approved the manufacturer.

  • Any disputes under this provision as to the propriety of any Deficiency Statement shall be promptly resolved pursuant to Section 13.2 without the requirement to attempt to first resolve the dispute under Section 13.1; provided, however, that there shall be ***.

  • Upon Closing, Purchaser will be deemed to have waived permanently all Title Defects pertaining to the acquired Assets that were identified by Purchaser in the Deficiency Statement.

  • If Immune Design does not deliver any such Deficiency Statement within such *** period, it shall be deemed to have approved the manufacturer.

  • Vendor will use reasonable efforts to remedy the Title Defects disclosed in the Deficiency Statement.

  • If Customer provides a Deficiency Statement within the Test Period, Licensor shall have 30 days to correct the deficiency, and the Customer shall have an additional 60 days to evaluate the Equipment and Software.

  • Deficiency Statement signed by Seller 1099 Form forgiveness of which is.

Related to Deficiency Statement

  • Collection Report means the monthly report prepared by the Primary Servicer setting forth, with respect to each Mortgage Loan and the most recently ended Collection Period prior to the due date of such report, the information described on Exhibit G attached hereto.

  • Distribution Report The meaning specified in Section 10.7(b).

  • GLJ Report means the independent engineering reserves evaluation of certain oil, NGL and natural gas interests of the Company prepared by GLJ dated February 8, 2016 and effective December 31, 2015;

  • Pick Up Report means the report detailing the number of sleeping rooms per day actually used out of the Program’s room block.

  • U.S. Reportable Account means a Financial Account maintained by a Reporting Cyprus Financial Institution and held by one or more Specified U.S. Persons or by a Non-U.S. Entity with one or more Controlling Persons that is a Specified U.S. Person. Notwithstanding the foregoing, an account shall not be treated as a U.S. Reportable Account if such account is not identified as a U.S.